Pessimism Hits Record: 73% Of Americans, All Time High, Think US Is Headed In Wrong Direction

Tyler Durden's picture

Perhaps someone should staple the following latest poll from Reuters/Ipsos to the office door of the Fed chairman in the Marriner Eccles building, according to which a record number of people or 73% of all Americans, believe the economy is headed in the wrong direction. This is the highest number measured since the poll started its survey in February of 2009. Only 21% believe the US is on the right track: we assume these are the few people who actually made money in the stock market in the past few months, in other words those long various precious metals [/sarcasm]. Additionally, 47% of respondents believe the worst is yet to come for the economy, the highest since the March 2009 low when the number was 57%. Furthermore, Obama's approval rating dropped from 49% to 45% over the past month. Perhaps it is time to kill Osama for the 3rd (or is that 4th?) time. Bottom line: pessimism is now at or near fresh all time highs. And this is the environment in which the true viceroy of the Americas, Goldman Sachs, has now decreed will proceed with QE3? If the American revolution was deferred back in November when QE2 was enacted, we fail to see how it will be avoided this time around when people realize that gasoline is headed for $9/gallon. Or roughly what Europeans pay today.


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spiral_eyes's picture

but gold is just a barbaric relic?

humans have moved on since gold! we now have paper enshrined by the power of government! THAT has inherent value, not some magical mystery metal! the lord his bernankenstein decrees it!

asdasmos's picture

We need to put the Gold shorters on suicide watch.

Random_Robert's picture

I know-

I just can't believe people are too dense to see how awesome our paper system really is, but they will learn. I am short 1000 contracts of Dec Gold, with a bid to cover at 999. Easy money


JP McManus's picture

Can anyone confirm this is MethMan?

Diogenes's picture

Dont sell America short used to be the motto. And gold is a barbarous relic.

Now it seems to be the other way around.

Mr Lennon Hendrix's picture

Bernanke is confusing the rational consumer again.  Brilliant.  When they are just poor enough he will throw cash from helicopters.  Brilliant!  Bernanke the Brilliant!

legal eagle's picture

But, but, but, things are not going to get better -- so pessimissm is realism.

Chief KnocAHoma's picture

Maybe the O will hold another press conference and tell me I no longer have to eat my peas and now I am entitled to a piece of chocolate cake. YAY!

I am The Chief

PS buy land -

Buckaroo Banzai's picture

I can't believe that 45% of Americans think Obama is doing a good job. I call bullshit.

Henry Chinaski's picture

I can't believe this is sustainable...

Percent of    
US Federal spending that is borrowed = 39.0%
US population on food stamps = 15.1%
Workforce employed by Fed/State/Local Govt = 11.4%
Population Paying Income Tax = 35.9%

In other words    

1 out of every…    
$2.56 spent by the government is borrowed.
6.6 people in the US is on food stamps.
8.8 workers in the US is employed by Federal, State or Local Government.
2.8 people in the US pays income tax.

There are    ...
8.8 taxpayers for each government employee.
4.6 private sector taxpayers for each government employee.

source: as of 8/10/2009

Federal deficit
$14.595 Trillion

cossack55's picture

Amount of US population over-medicated = 45%

I am more equal than others's picture

You can fool 45% of the people all the time. 


Is the captain on a ship of fools a fool? 


...captain oh my captain...

JP McManus's picture

Remember, 50% of the population is below average.

DonnieD's picture
I used to think the same until I realzed that 50% don't pay taxes and our on the dole. So that means that even 5% of them don't like him!
snowball777's picture

With logic that profound, you should be in a breadline too.

Conor's picture

Yes, yes, yes!

This is exactly right!  And this is why I talk about investing in lead of the 9mm, .45, .223, and 00 buck variety. 'Cause when a that monthly allotment on the food stamp card won't buy a week's worth of groceries, where do you think they are going to go?

Just look at England, Egypt, anywhere for that matter.

Buckaroo Banzai's picture

Oh. Shit. I forgot about that.

Never mind.

Clearly_Irrational's picture

When did federal income taxes become the only tax?  What about sales tax, state income tax, property tax, payroll taxes, excise taxes, etc.?  Find me a person who pays zero tax and that's someone who is homeless, jobless, and living off the charity of others.

Citxmech's picture

Who are the 27% who think we're headed in the "right" direction?

It's scary to think that some of those folks are actually breeding.

iDealMeat's picture

I AM!  The exponentially increasing HFT bubble blowing machine based on lies and manipulation is probably the right direction. It is the fastest means to complete systemic crash.


We need a massive pull back, burned, bleached, and reset..  Then slooow growth backed by "tradition"..


pass the popcorn.

Sudden Debt's picture

Here are you foodstamps sir, but eh.... before I hand them over to you.... could you fill out this form about what you think about Obama our great leader?


There is also a 1% margin of error....


Matte_Black's picture

Mr. Banzai:

A mere few 1000ths of a mm beneath our skins we are all just soft pink stuff. Does that help?

Long-John-Silver's picture

Let them eat cake and just this once they may select chocolate.

andybev01's picture

May I please have red velvet instead?

It will help disguise the blood I have recently begun vomiting.

kito's picture

im a contrarian.......invest long on discretionaries!!!!

Sudden Debt's picture

WHO THE FUCK ARE THOSE OTHER 27%!!!!!?????!!!!!



Dr. Engali's picture

They are the few who think it's beyond repair and needs a reset.

dwdollar's picture

No, they are government workers.

Dr. Engali's picture

You have a point. Although they seem to be bitching louder than most.

CrimsonAvenger's picture

Have you ever dealt with government union members...on anything? Pay, benefits, performance? I swear, it's like touching a burn victim.

Pay Day Today's picture

Remember that Apple didn't collect $70B-odd in cash reserves by using unionised labour. Those cheap Chinese rats were far more profitable than Californians.

IQ 145's picture

Nice. I was thinking; "too bad they don't have any idea what the right direction is". Which they don't.

Henry Chinaski's picture

They are governement employees.

macholatte's picture

Who knows if these polls are valid or politically motivated. The propaganda machine is so very sophisticated these days. Yet, no organized opposition to the status quo. So that tells me that the apathy switch in "ON". Self defeating behaviour, change the channel, don't bother them with facts and don't do anything to cause them to get off their butts and go outside and sit in the street until the freeway is completely clogged with people sitting in the road playing with their iPads and cell phones and such. No need to shoot guns and burn shit. But none of it is happening in the USA. It is disappointing.

 To sin by silence when they should protest makes cowards of men.
Abraham Lincoln

WebWeasel's picture

They're the ones taking a close look at their own colon.

mayhem_korner's picture

I understand that's a service that can be outsourced to Congressman Frank (D-MA).

dick cheneys ghost's picture

I saw the fat lady last nite



and she was singing.........

Bam_Man's picture

I looked up in the sky and saw Danderoo singing "Turn Out the Lights the Party's Over" to Howard Cosell.

A Lunatic's picture

You sure she was singing? Sounded more like begging for mercy to me, although I freely admit I don't really understand all that high pitched Italian wailing. Did the fucking lasagna get burned or something?

Gubbmint Cheese's picture

I thought we were living in an autonomous collective.....

fuu's picture

Come see the violence inherent in the system.

snowball777's picture

Help! I'm being repressed!

A Lunatic's picture

I am assuming by repressed you mean ass raped.

Conrad Murray's picture

Perhaps it is time to kill Osama for the 3rd (or is that 4th?) time.

Then they'd have to kill the people that killed Osama again. And the people that killed the people that killed Osama again.


gasoline is headed for $9/gallon. Or roughly what Europeans pay today

All going according to plan: "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe" - Steven Chu, US Energy Secretary

Thanks Barry Soetoro!